Company / Total Debt
Nasdaq, Inc. Total Debt History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Total Debt
$8.6B
FY2025
5-year range
$4.3B / $9.7B
FY2021-FY2025
Trend
-0.1%
vs FY2024
Sector context
#41 of 198
Financials
What the data says
Nasdaq, Inc.'s total debt of $8.6B is higher than 79% of companies in the Financials sector (FY2025). Total Debt has fluctuated over the past 10 years, ranging from $2.4B in FY2018 to $9.7B in FY2023.
Based on SEC 10-K filings.
$8.6B in FY2025 with a 5-year CAGR of +11.6%. Top quartile in the Financials sector.
Improved from $9.7B to $8.6B over the past 2 years.
Financials sector context is included.
Total Debt over time
Growth rates
- 3-Year CAGR
- +21.9%
- 5-Year CAGR
- +11.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 21% in FinancialsTop 79% of 198This company $8.6B Sector average $11.0B
▼
-22.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +11.6%, indicating consistent growth.
- In FY2025, total debt decreased 0.1% year-over-year.
- Ranks #41 out of 198 companies in the Financials sector.
- Peak total debt was recorded in FY2023.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 1.03 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Total DebtValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.6B | -0.1% |
| FY2024 | $8.6B | -11.2% |
| FY2023 | $9.7B | +104.1% |
| FY2022 | $4.7B | +9.8% |
| FY2021 | $4.3B | -12.8% |
| FY2020 | $4.9B | +65.0% |
| FY2019 | $3.0B | +27.1% |
| FY2018 | $2.4B | -24.7% |
| FY2017 | $3.1B | -13.2% |
| FY2016 | $3.6B | +52.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026